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Stock Market & Financial Investment News

News Breaks
July 2, 2014
05:41 EDTCOH, DGStocks with implied volatility below IV index mean; COH DG
Stocks with implied volatility below IV index mean; Coach (COH) 25, Dollar General (DG) 24.
News For COH;DG From The Last 14 Days
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August 27, 2014
11:32 EDTCOHTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
August 25, 2014
14:37 EDTDGDollar General weekly volatility elevated into Q2 and outlook
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August 22, 2014
16:42 EDTDGMarket finishes week higher on economic data, earnings
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07:30 EDTDGDollar General CEO comment to be noted by FTC, NY Post reports
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August 21, 2014
13:42 EDTDGDollar General reaffirms commitment to acquisition of Family Dollar
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09:05 EDTDGDollar Tree sees Family Dollar deal closing by early 2015
Says continuing to work on proposed transaction with Family Dollar (FDO). Sees deal closing by early 2015. Will not make any further comments at this time on Family Dollar/Dollar General (DG). Comments made on the Q2 earnings conference call.
08:04 EDTDGFamily Dollar: Dollar General declined to schedule talks on antitrust issues
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08:03 EDTDGFamily Dollar: Dollar General's letter contained 'blatant mischaracterizations'
08:02 EDTDGFamily Dollar reaffirms recommendation in support of merger with Dollar Tree
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08:01 EDTDGFamily Dollar board rejects Dollar General proposal based on antitrust issues
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08:00 EDTDGFamily Dollar board rejects Dollar General proposal based on antitrust issues
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07:55 EDTDGFamily Dollar to reject Dollar General takeover bid, CNBC reports
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05:35 EDTDGDollar General sends letter to Family Dollar board
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August 19, 2014
14:13 EDTDGDollar General upgraded to Outperform from Peer Perform at Wolfe Research
12:18 EDTDGDollar General could have bought Family Dollar last year, CNBC reports
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12:16 EDTDGFamily Dollar board frustrated with Dollar General tactics, CNBC reports
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11:41 EDTDGIcahn says Family Dollar throwing away $300M in fees, Reuters says
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09:46 EDTDGFamily Dollar board likely to meet this week, CNBC's Faber reports
Family Dollar's (FDO) board is likely to meet this week to discuss the takeover bid by Dollar General (DG), CNBC's David Faber reports, citing people close to the matter. The board has long focused on antitrust implications and is likely to reject the Dollar General proposal, Faber added. Dollar Tree (DLTR) and Family Dollar previously announced a merger agreement.
09:43 EDTDGFamily Dollar board likely to reject Dollar General bid, CNBC's Faber reports
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07:29 EDTDGDollar Tree may raise bid for Family Dollar, says RBC Capital
RBC Capital thinks that Dollar Tree (DLTR) could increase its bid for Family Dollar (FDO) given the revenue and gross margin synergies that the firm thinks the deal would generate. However, the firm believes that Dollar General (DG) would ultimately win a bidding war for Family Dollar, leading to wins for the shareholders of Dollar General and Family Dollar.
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